Form 4: Nine Energy Service Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ann G. Fox, a director and officer of Nine Energy Service, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock.
Summary
- On August 12, 2024, Ann G. Fox, a Director and Officer of Nine Energy Service, Inc., sold 24,703 shares of common stock at a price of $1.358 per share.
- The sale was executed to satisfy tax withholding obligations associated with the vesting of a time-based restricted stock award granted on August 9, 2021.
- Following the transaction, Fox directly owns 758,293 shares of Nine Energy Service, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by a company director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 08/09/2021 | Date of the time-based restricted stock award grant. |
| 08/12/2024 | Date of the stock sale transaction. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.